Bitcoin Stops! Time To Go Long? $11,000 or $7,200 Next?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) just hit a higher low on the daily time frame.

Back on the 17-July, BTCUSD hit a low at $9049.54.
Today, BTCUSD hit a higher low before moving up at $9111.00... Is it time to go long?

Bitcoin can potentially bounce at this level before it's next move.

On the chart above I've marked our two main scenarios:

  • (1) BTCUSD moves lower before it bounces.
  • (2) BTCUSD bounces at this level after hitting a higher low.

We are expecting additional retrace after this bounce is completely based on the weekly (longer-term) chart analysis.

You can it here:

Where do you believe Bitcoin is headed next?

Share your thoughts in the comments section below.

Thanks a lot for reading.

This is Alan Masters.


Prediction: The Next Alternative Cryptocurrency Market Bull Run!
Comment: Bitcoin (XBTUSD) Short-Term Analysis ($10,600 Next)

It keeps on changing and moving and we look for help outside of us.

We want to have certain experiences, yet, we believe, somehow, that help is going to come.

We remain full of hope, our dreams we give up, expecting for answers and solutions that are supposed to come from another Soul.

This is not at all how it all works.

If you want anything…

If you want something…

You have to take care of it on your own.

Not alone…

But it is you who needs to take the first step…

It is you who needs to get the job done.

Comment: Getting ready for action:
Comment: Moving higher with volume now starting to come in.
Comment: We hit our target nicely and Bitcoin now moves higher...
Here is our latest update:
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Related Ideas

I think The first scenario is The strong one. I am expecting that Btcusd will bounce after testing EMA20 (8600-8400)
+2 Reply
alanmasters celikkanat
@celikkanat, Thanks a lot, appreciated.

I saw something similar earlier, let's see how it goes.
+1 Reply
I think jump will start from 8500 or 8400..
+2 Reply
alanmasters Jollymolly
@Jollymolly, Thanks for sharing.
+2 Reply
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